Dollar index snaps 6-day winning streak

A widely watched gauge of the dollar’s strength snapped a six-day winning streak on Monday as a weaker than expected report on January price inflation disappointed investors.

The ICE U.S. Dollar index DXY, +0.09% a measure of the dollar’s strength against a basket of six rival currencies, shed 0.2% to 95.9190.

Analysts noted that trading volume in the currency market was very light on Monday, as many European markets were closed in observance of Easter Monday.

Core inflation as measured by the personal consumption expenditures index, or PCE index, came in at 0.1% in January, compared with a forecast for a 0.2% gain from a survey of economists conducted by MarketWatch.

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